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2021-06-30-accounts

Reports
Reference and administrative information
Trustees'
report
Independent
auditor's
report
Financial statements
Consolidated
statement
offinancial		 activities 12
Statement
offinancial
position
Consolidated
statement
ofcash flows		 14
Principal
accounting
policies		 15
Notes to the consolidated
financial		 statements 18

N P Searl (resigned 28 March 2022)
S Whyman
D S Millar
J A Ross (resigned 6 December 2021)
P S Burke
S E Cary
B A Fowler

Income and Expenditure Income and Expenditure Notes 2021 2021 2021 2020 2020 2020
Account Unrestricted Restricted Total Unrestricted Restricted Total
funds funds E funds funds f.
Incoming resources
Incoming
resources		 from
generated
funds
. Commercial
trading		 1 19,310 19,310 680,730 680,730
operations
. Donations 10 102,560 102,560 357,933 357,933
. Government
grants		 80,379 80,379 26,671 26,671
Total incoming
resources		 121,870 80,379 202,249 1,038,663 26,671 1,065,334
Resources expended
Costs ofgenerating funds:
. Commercial
trading		 2 179,142 80,379 259,521 649,226 26,671 675,897
operations
. Costs ofgenerating 3 22,260 22,260 33,436 500 33,936
voluntary
income
201,402 80,379 281,781 682,662 27,171 709,833
Costs of charitable
activities		 4 55,000 55,000 271,936 271,936
Governance
costs		 5 10,780 10,780 10,527 1,680 12,207
Total resources expended 267,182 80,379 347,561 965,125 28,851 993,976
Net movement
in funds		 (145,312) (145,312) 73,538 (2,180) 71,358
Total funds brought forward 16 427,277 11,451 438,728 353,739 13,631 367,370
Total funds carried forward 16 281,965 11,451 293,416 427,277 11,451 438,728

Group Group Charity Charity
Notes 2021 2020 2021 2020
F
Fixed assets
Tangible assets 10 2 257 382
Investments 11
Current assets
Stocks 4,970 5,056
Debtors 12 122,300 159,287 251,678 236,645
Cash at bank and in hand 414,817 654,857 264,873 425,462
542,087 819,200 516,551 662,107
Creditors: amounts falling due within 13 (250,928) (380,854) (20,914) (169,855)
one year
Net current assets 291,159 438,346 496,637 492,252
Total net assets 293,416 438,728 495,638 492,253
Funds
Restricted reserves 15 11,451 11,451 11,451 11,451
Unrestricted reserves 16 281,965 427,277 484,187 480,802
Total funds 293,416 438,728 495,638 492,253

Group Group Charity Charity
2021 2020 2021
f		 2020
F-
Cash flows from operating activities
Net movement
in funds		 (145,312) 71,358 3,385 43,975
Adjustments
for:
Depreciation
oftangible assets		 1,511 553
Changes
in:
Stocks 86 (130)
Trade and other debtors 36,987 121,120 (15,033) (60,319)
Trade and other creditors (129,926) (306,516) (148,941) (269,198)
Cash generated
from operations		 (236,654) (113,615) (160,589) (285,542)
Cash flows from investing activities
Purchase
oftangible assets		 (3,386)
Net cash used in investing activities (3,386)
Net (decrease)/increase in cash and cash (240,040) (113,615) (160,589) (285,542)
equivalents
Cash and cash equivalents at beginning of 654,857 768,472 425,462 711,004
year
Cash and cash equivalents at end of year 414,817 654,857 264,873 425,462

1.Incoming resources from commercial
trading
op		 erations
2021
f		 2020
F
Corporate sponsorship income 3,500 259,610
Riders' fees 14,111 394,338
Other income 1,699 26,782
19,310 680,730

2.Costs of generating funds —commerci al
trading
operation		 s
2021 2020
E
Crew and tour costs 8,002 173,338
Hotels 2,494 87,116
Advertising and merchandising 18,267 59,497
Staff costs (note 7) 187,814 196,024
Other ride costs 4,223 12,466
Travelling
costs		 8,673 60,982
Food and drink costs 4,577 39,276
Office costs 14,295 24,198
Bad debts 5,000
Legal and professional costs 6,834 9,884
Depreciation (note 10) 1,510 554
Insurance 1,947 4,031
Transaction fees 523 8,846
Loss/(profit) on foreign exchange 152 (6,201)
Bank charges 210 886
259,521 675,897
3.Costs of generating funds —voluntary income
2021 2020
Office costs 19,627 19,870
Sponsorship 6,000
Legal and professional 500
Transaction fees 2,519 7,411
Bank charges 114 155
22,260 33,936

2021 2020
Coram 36,667 133,334
Multiple System Atrophy Trust 6,111 22,222
Tom ap Rhys Pryce Memorial Trust 6,111 22,222
Cyclists Fighting Cancer 6,111 22,222
Coram —Northern
Power		 Ride 2019 19,529
Crisis 19,529
West London
Mission		 30,778
CRASH 2,000
The Pirrie Hall and Recreation Ground 100
55,000 271,936
Grants
paid by the charitable		 company 71,060 112,216
Grants payable and included in debtors (note 12) (34,393)
Grants payable and included in creditors (note 13) 18,333 159,720
55,000 271,936
5.Governance costs
2021 2020
F
Accountancy
fees		 3,950 5,630
Audit fees 6,830 6,577
10,780 12,207
6.Net income/(expenditure) for the year
Net income for the year is stated after charging:
2021 2020
F
Depreciation
of owned		 fixed assets 1,510 554
Auditor's
remuneration		 6,830 6,577
2021 2020
Analysis ofauditors' remuneration f.
Audit fees - current year 6,830 6,577

nd its subsidiary undertaking
during the year was:
2021 2020
No No
Administration and organisation
2021 2020
Staffcosts for the above: F F
Wages and salaries 165,684 173,098
Social security costs 14,851 14,972
Other pension costs (note 17) 7,279 7,954
187,814 196,024

Fixtures Computer
and fittings equipment Total
F
Cost
At 1 July 2020 11,493 11,170 22,663
Additions 3,386 3,386
Disposals (9,092) (9,092)
At 30June 2021 11,493 5,464 16,957
Depreciation
At1 July2020 11,111 11,170 22,281
Provided
during the year		 382 1,129 1,511
Released
on disposal		 (9,092) (9,092)
At 30June 2021 11,493 3,207 14,700
Net book value
At 30June 2021 2,257 2,257
At 30June 2020 382 382

2021 2020
Notes
Turnover 1 19,310 680,730
Cost ofsales (23,336) (386,197)
Gross (loss)/profit (4,026) 294,533
Administrative expenses (240,434) (293,821)
Other operating income 95,763 26,671
(Loss)/profit on ordinary activities before interest and gift aid (148,697) 27,383
Interest receivable
Gift aid 18
(Loss)/profit for the financial year (148,697) 27,383
The aggregate ofthe assets and liabilities was:
2021 2020
Assets 207,116 356,160
Liabilities (409,337) (409,684)
(202,221) (53,524)
Represented by:
1 ordinary
share ofE1		 1 1
Profit and loss account (202,222) (53,525)
(202,221) (53,524)

2.Debtors
Group Charity
2021 2020 2021 2020
E F
Trade debtors 10,805 92,101
Amounts
due		 from subsidiary
undertaking
(note 18)		 179,323 198,683
Grants payable (note 4) 34,393 34,393
Other debtors 43,804 48,705 37,962 37,962
Prepayments and accrued income 33„298 18,481
122,300 159,287 251,678 236,645

Group Charity
2021 2020 2021 2020
F F F F
Trade creditors 13,930 8,030 7,681
Grants payable (note 4) 18,333 159,720 18,333 159,720
Other taxation 40,976 44,025
Other creditors 336
Accruals and deferred income 177,353 169,079 2,581 2,454
250,928 380,854 20,914 169,855

Group Charity
2021 2020 2021 2020
F F F
Later than one year and not later than
five years 5,621 10,118
5,621 10,118

At 1 Incoming Resources At 30
I July 2020 resources expended June 2021
E F E
Construction Industry Cycling
Commission 11,451 11,451
Government grants 80,379 (80,379)
11,451 80,379 (80,379) 11,451
At 1 Incoming Resources At 30
I July 2019 resources expended June 2020
E
Construction Industry Cycling
Commission 13,631 (2,180) 11,451
Government grants 26,671 (26,671)
13,631 26,671 (28,851) 11,451
year which have bee n expended
on salaries for		 furloughed
em		 ployees.
16.Analysis of net assets between funds
Group General Restricted Total Total
funds funds 2021 2020
Fixed assets 2,257 2,257 382
Current assets 530,636 11,451 542,087 819,200
Creditors: amount falling due within
one year (250,928) (250,928) (380,854)
281,965 11,451 293,416 438,728
Charity General Restricted Total Total
funds funds 2021 2020
E E F
Fixed assets 1 1 1
Current assets 505,100 11,451 516,551 662,107
Creditors: amount falling due within
one year (20,914) (20,914) (169,855)
484,187 11,451 495,638 492,253